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Saab restructuring process in danger
The restructuring of Saab could be called off after the company's administrator Guy Lofalk on Thursday applied for the process to be halted, according to a statement from Swedish Automobile (SWAN), Saab's parent company. bankruptcy protection,
Updated: 10/20/2011 12:32P
APNewsBreak: Greek Rescue Deals Seen Not Enough
by AP BERLIN (AP) — Greece's international creditors warn that a second rescue package tentatively agreed upon in July may not be enough to save the country from bankruptcy, but believe Athens should nevertheless get its next batch of bailout loans,
Updated: 10/20/2011 12:31P
PA Governor Corbett Signs Bill Allowing Takeover of Bankrupt Harrisburg
The bill paves the way for the governor to declare a state of fiscal emergency that leads to a recovery plan for Harrisburg, which filed for bankruptcy last week. Harrisburg, a city of about 50000, is struggling to pay for essential services as well as
Updated: 10/20/2011 12:31P
Gov. Tom Corbett signs Harrisburg takeover bill
The bill paves the way for the governor to declare a state of fiscal emergency that leads to a recovery plan for Harrisburg, which filed for bankruptcy last week. Harrisburg, a city of about 50000, is struggling to pay for essential services as well as
Updated: 10/20/2011 12:24P
PA Capital Files Bankruptcy Petition
First, Harrisburg's mayor, Linda Thompson, has declared in statements that the city council has no authority to file a bankruptcy petition on the city's behalf. The bankruptcy petition was filed after a 4-3 vote by the city council, by a city council
Updated: 10/20/2011 12:24P
Cracks Form Between Orval Kent, Egg Supplier
The last supplier to recover goods from food manufacturer Orval Kent Food Co. gets a rotten egg! Prime Foods Inc., an Indiana-based egg seller, wants Orval Kent to return the nearly $60000 worth of hard-boiled eggs it received in the
Updated: 10/20/2011 12:22P
?Saab administrator wants to end reconstruction
It would mean that the resting bankruptcy claims against the company comes back into force. T?he Swedish Enforcement Authority would also resume its recovery of the about SEK 1.4 billion of debts that Saab owes suppliers.
Updated: 10/20/2011 12:21P
To Be With the 99%, President Obama Must Fire Tim Geithner
Much of this was made worse when Congress, under Republican leadership, revised the bankruptcy code to prevent discharge of student debt and to prevent "cram-down" of residential mortgages. They made it extremely difficult for real human beings to
Updated: 10/20/2011 12:18P
Insolvency expert joins Furley Page
He will advise clients across Kent, the South East and London on a range of issues concerning insolvency, debt recovery and also personal bankruptcy. Richard, aged 37, has joined Furley Page from the Treasury Solicitors Office where he was involved in
Updated: 10/20/2011 12:16P
Scottish businesses facing increasing distress
Increasing numbers of Scottish businesses are facing financial distress, according to new figures released by the national Accountant in Bankruptcy (AiB). The AiB has said it received 361 notices from Scottish businesses in the second quarter of this
Updated: 10/20/2011 12:16P
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